Part 8/12:
Furthermore, both automakers seem to be pulling back from aggressive investments in electric vehicles, despite their earlier commitments. GM, which has made more progress in EV development, is standing by its EV battery capacity expansion, but overall, the industry faces a slowdown in EV sales ramp-up—dismal demand and the end of federal tax credits have dampened earlier optimism.
Stock Market Reactions and Investor Sentiment
Investors are reacting to these developments with cautious optimism—some anticipating a rise in Target’s stock prices following the layoffs, viewing cost-cutting as a positive indicator. Yet, the broader market signals warn of a slowing economy, with automakers' restructuring efforts reflecting underlying challenges.